Daily Roundup

Swiber Holdings misses bond payment – Kenya National Treasury to issue different tenor T-bills – Russian July PMI falls to 49.5 – Brazil PMI rises to 46.02 in July

Aug 2, 2016 // 5:12PM

  • The provisional liquidator for Singapore based offshore services group Swiber Holdings has announced the company will be unable to make an interest payment today of US$150mn from 6.5% notes due in August 2018, which were issued as part of its US$500mn Multicurrency Islamic Trust Certificates Issuance Programme
  • MARC has affirmed its AA-IS stable outlook rating on Tanjung Bin O&M Berhad's MYR470mn wakala sukuk according to Reuters
  • Kenya's National Treasury says it plans to offer five Treasury bonds in the first quarter of its fiscal year with tenors from 2 to 15 years
  • South Korea’s CPI increased by 0.7% year-on-year in July, figures show. This was down from 0.8% the previous month
  • Mexico's Markit Manufacturing PMI for July came in at 50.6, down from 51.1 in June
  • Russia's Markit Manufacturing PMI fell from 51.5 in June to 49.5 in July
  • Indonesia's manufacturing PMI fell from 51.9 in June to 48.4 in July
  • S&P Global Ratings lowered its rating of Indonesian tyre maker Gajah Tunggal to B- and placed it on negative watch. The ratings agency also lowered its long-term issue rating on the company's senior secured notes from B to B- according to Schilvershoven Finance
  • Brazil's manufacturing PMI rose from 43.2 in June to 46.02 in July

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